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Published on 3/4/2008 in the Prospect News Convertibles Daily.

India's Kaashyap to raise up to $25 million from convertibles

By Susanna Moon

Chicago, March 4 - Kaashyap Technologies Ltd. notified the Bombay Stock Exchange that it approved issuing up to $25 million of convertible bonds at a board meeting on March 3.

Securities considered include American Depositary Receipts, Global Depositary Receipts and foreign-currency convertible bonds.

Kaashyap Technologies is a Chennai, India-based company that operates computer-training institutes.


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